Mechanization and Technology

Mahindra’s Farm Equipment Sector Sells 27,626 Units in India during January 2023

Quick Share

03 February 2023, Mumbai: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for January 2023.

Domestic sales in January 2023 were at 27,626 units, as against 21,162 units during January 2022.

Total tractor sales (Domestic + Exports) during January 2023 were at 28,926 units, as against 22,682 units for the same period last year. Exports for the month stood at 1,300 units. 

Commenting on the performance, Hemant Sikka, President of the Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 27,626 tractors in the domestic market during January 2023, registering a growth of 31% over last year. We are off to a good start to the year with a promising Rabi crop outlook as sowing acreage for key crops of wheat, pulses, and oil seeds has already surpassed the previous year’s levels, supported by conducive soil and weather conditions. This bodes well for the coming months, as the farmers start harvesting this bumper crop. In addition, continued government focus and higher investment in this sector will aid positive sentiments and boost tractor demands. In the exports market, we have sold 1300 tractors.”

Mahindra & Mahindra Ltd.’s Farm Equipment Sector Summary

F23 JanuaryF22 January% Change YTD JanuaryF23 YTD JanuaryF22 YTD January% Change YTD January
 *Exports include CKD

Also Read: Union Budget 2023 must consider reduction in GST rates on Agrochemicals: R G Agarwal, Chairman of Dhanuka Group

(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)

Quick Share